Bermudian-based Fidelis Insurance Holdings Ltd, the global specialty insurer, has announced the launch of an underwritten secondary public offering of nine million common shares by certain of its shareholders.

In connection with the offering, the company said, the selling shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.35 million common shares of FIHL.

FIHL is not selling any common shares in the offering and will not receive any of the proceeds from the sale of the common shares offered by the selling shareholders.

Barclays, JP Morgan, and Goldman Sachs & Co LLC are acting as joint lead book running managers for the offering.

Evercore ISI, Citigroup, BMO Capital Markets, Keefe, Bruyette & Woods, A Stifel Company and UBS Investment Bank are acting as joint book running managers.

Citizens JMP and Dowling & Partners Securities LLC are acting as co-managers.

The offering will be made only by means of a prospectus.